The following is a summary of the Company’s other borrowings as of June 30, 2022 and December 31, 2021:


	June 30,		December 31,
	2022		2021
Federal Home Loan Bank advances	$	650,000	$	490,000
Securities sold under agreements to repurchase		53,092		29,723
Federal funds purchased		45,000		—
Line of credit		—		—
Total	$	748,092	$	519,723

Byline Bank has the capacity to borrow funds from the discount window of the Federal Reserve System. As of June 30, 2022 and December 31, 2021, there were no outstanding advances under the Federal Reserve Bank discount window line.

At June 30, 2022, fixed-rate Federal Home Loan Bank (“FHLB”) advances totaled $400.0 million, with interest rates ranging from 1.63% to 2.09% and maturities ranging from August 2022 to September 2022. Total variable rate advances were $250.0 million at June 30, 2022, with interest rates of 1.32% that may reset daily, and mature in August 2022. Advances from the FHLB are collateralized by residential real estate loans, commercial real estate loans, and securities. The Bank’s maximum borrowing capacity is limited to 35% of total assets. Required investment in FHLB stock is $4.50 for every $100 in advances thereafter.

Securities sold under agreements to repurchase represent a demand deposit product offered to customers that sweep balances in excess of the FDIC insurance limit into overnight repurchase agreements. The Company pledges securities as collateral for the repurchase agreements. Refer to Note 3—Securities for additional discussion.

At June 30, 2022, Federal funds purchased totaled $45.0 million, with interest rates ranging from 2.00% to 2.15%.

On October 13, 2016, the Company entered into a $30.0 million revolving credit agreement with a correspondent bank. Through subsequent amendments, the revolving credit agreement was reduced to $15.0 million and the maturity of the credit facility was extended to October 7, 2022. The amended revolving line of credit bears interest at either LIBOR plus 195 basis points or the Prime Rate minus 75 basis points, not to be less than 2.00%, based on the Company’s election, which is required to be communicated at least three business days prior to the commencement of an interest period. If the Company fails to provide timely notification, the interest rate will be Prime Rate minus 75 basis points. At June 30, 2022 and December 31, 2021, the line of credit had no outstanding balance.

The following table presents short-term credit lines available for use as of June 30, 2022 and December 31, 2021:


	June 30,		December 31,
	2022		2021
Federal Home Loan Bank line	$	1,724,107	$	1,883,349
Federal Reserve Bank of Chicago discount window line		822,123		602,962
Available federal funds lines		90,000		115,000

The Company hedges interest rates on borrowed funds using interest rate swaps through which the Company receives variable amounts and pays fixed amounts. Refer to Note 16—Derivative Instruments and Hedging Activities for additional discussion.